PLEASE HELP WITH THIS, I WILL BE GRATEFULL!! Linda and Kris met in BUSS1020 in 2019 just before lockdown. They have deci

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

PLEASE HELP WITH THIS, I WILL BE GRATEFULL!! Linda and Kris met in BUSS1020 in 2019 just before lockdown. They have deci

Post by answerhappygod »

PLEASE HELP WITH THIS, I WILL BE GRATEFULL!!
Linda and Kris met in BUSS1020 in 2019 just before lockdown.
They have decided to marry. They have consulted with
Tony​ (their tutor) to assist in estimating the cost of having
a wedding in​ Sydney, Australia.
Tony created the table below. It shows the costs of other
similar weddings​ (selected randomly) along with the number of
people invited to the wedding​ ("attendees")
a. Determine the regression​ equation?
b. What the slope indicates?
c. What the Y intercept indicates?
d. Identify and consider the meaning of the coefficient of
determination ​(R2​) for this problem
e. Test the equation for statistical significance by examining
the population slope. Use a
0.05 level of significance. State the null and alternative
hypotheses the test.
Determine the test​ statistic:
Determine the​ p-value.
State the conclusion.
Determine the 95​% confidence interval estimate of the
population slope.
If Linda an Kris are planning to invite 175 ​guests, how much
should they estimate for the cost of the​ wedding?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply